Atomberg IPO: A91 Partners Sells ₹445 Cr Stake, DRHP Filed

Atomberg Technologies has filed its Draft Red Herring Prospectus (DRHP) for an IPO. The offering includes a ₹450 crore fresh issue and an Offer for Sale (OFS) where A91 Partners plans to sell a ₹445 crore stake.

Financial Overview

• A91 Partners will sell approximately 3.77 crore shares in the OFS.
• Post-listing, A91 Partners plans to retain a substantial 21.02% stake.
• Revenue from operations reached ₹1,293.77 crore in FY26, up from ₹959.51 crore in FY25.
• The company reported a restated net loss of ₹148.88 crore for FY26.

Known for its BLDC fans, Atomberg has diversified its product portfolio. This now includes kitchen and home appliances like mixer grinders and water purifiers. The company also operates a component manufacturing business, supplying motors and controllers to other firms.

Atomberg is utilizing SEBI Regulation 6(2) for its IPO, a move typically required for non-profitable companies. This regulation often mandates a stricter reservation structure for institutional investors.

Fund Utilization

The capital generated from the fresh issue is earmarked for several strategic growth initiatives.

• Repayment or prepayment of borrowings.
• Brand building activities.
• Enhancing research and development efforts.

Investors will closely monitor Atomberg’s ability to manage its debt and improve profit margins. Navigating the highly competitive Indian consumer appliance market, dominated by established brands, will be crucial for its future success.